![[Corporate Action] International Breweries Posts 48% Drop In PAT to N704 million In Q3’2015](https://nairametrics.com/wp-content/uploads/2015/10/intl-breweries.png)
International Breweries Plc released its financial results for the nine months ended 30 September 2015.
The result showed that revenue declined by 0.71% from N10 billion in Q3’2014 to N10.1 billion in Q3’2015.
Pre-tax Profits also declined by 49.97% from N1.9 billion in Q3’2014 to N1 billion in Q3’2015.
See Summary of result below..
| International Breweries Q3 2015 | 2015 | 2014 | % Change |
| N’m | N’m | ||
| Revenue | 10,140 | 10,069 | 0.71% |
| Gross Profit | 5,088 | 5,238 | -2.86% |
| Operating Expenses | -3,283 | -2,814 | 16.67% |
| Pre-tax profits | 1,000 | 1,999 | -49.97% |
| Profit After Tax | 704 | 1,360 | -48.24% |
| Share Price (As at Press time) | 16.00 |
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Pardon me for pointing out a slight error in your comment about International Breweries revenue for the period under review. Their revenue did actually go up by 0.71% to 10.1bn. In your comments, you indicated it declined by 0.71%.